BNY Mellon Careers
Specialist, Corporate Actions
Title of the position Specialist, Corporate Actions
Department Portfolio Services
Department Overview The Portfolio Services Department is responsible for the notification and processing of corporate action and income events. A corporate action is an event initiated by a public company that effects the securities (equity or debt) issued by the company. The department’s primary responsibility is the correct and timely notification and reflection of the corporate or income event in the client’s portfolio.
Corporate Actions - IC4 Responsible for performing mandatory and voluntary corporate action-related custody and accounting processing requirements, such as dividend payments, reorganization/proxy, bond redemption, etc. Also responsible for managing and controlling high levels of risk and liability inherent in the various functions and for reconciliation activities, client reporting and proration on transactions. May allocate/coordinate work within a team/project. Meets with organizational units/teams to ensure corporate action events are being addressed appropriately. Determines impact of complex events and disseminates information regarding event to investors and client accounts. Uses in-depth area knowledge to apply ingenuity and creativity to common repeat problems and determines more permanent resolutions. Responsible for reviewing cash reconciliations, security and suspense transactions reviews adhering to established quality control measures and procedures. Responsible for researching and responding to inquiries from internal business groups, depositories, agents, brokers, clients, Investment Managers, sub custodians and/or custodians. Works on multiple systems to perform highly complex corporate action processing, including creating and scrubbing announcements, sending client instructions to third parties, and, posting online cash and security transactions. Participates in the development of documentation that is circulated to the market. Serves as a corporate actions expert for less experienced staff, expected to have an advanced understanding of all corporate action procedures, corporate action events and market practices. No direct reports but may provide guidance to less experienced team members. May have people management responsibilities in some geographies. Contributes to the achievement of related teams objectives.
QualificationsQualifications Bachelors degree in a related discipline or the equivalent combination of education and experience is required. Advanced degree preferred 7-10 years of total work experience preferred. Experience in financial services or corporate actions preferred. Applicable local/regional licenses or certifications as required by the business.
Working conditions and other information (working hours, full time, permanent etc.) Full time, permanent role.
Benefits • Annual Holiday – 25 Days, plus bank holidays and the ability to purchase a further 5 days • Pension – 12% employer contribution • Life Assurance, Income protection and Medical Insurance • Education Assistance • Cycle to work • Health screening • Season ticket loans for Travel • Recognition and service awards • 2 volunteering days per annum
BNY Mellon is an Equal Employment Opportunity Employer.
Primary Location: United Kingdom-Greater Manchester-Manchester
Internal Jobcode: 70449
Organization: Securities Service Delivery-HR06423
Requisition Number: 1911851